918 Sea Gull Drive #A-D, Mount Pleasant, SC 29464

Local realty services provided by:ERA Wilder Realty
Listed by:mary beth wichlei
Office:three real estate llc.
MLS#:25027072
Source:SC_CTAR
918 Sea Gull Drive #A-D,Mount Pleasant, SC 29464
$1,199,000
  • 10 Beds
  • - Baths
  • 4,368 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,199,000
  • Price per sq. ft.:$274.5

About this home

918 Sea Gull Drive presents investors with a rare opportunity to acquire a stabilized Quadplex in South Mount Pleasant, one of Charleston's most desirable submarkets. Comprised of two 3-bedroom / 1.5-bath units and two 2-bedroom / 1-bath units, collectively generating $8,000 per month ($96,000 annually) in current income. At 1.2m, the asset reflects a 6.3% cap rate on in-place income, assuming a 35% expense ratio. All tenants are on month-to-month leases, providing immediate flexibility for rental growth. Current rents are below market, with comparable two-bedroom units averaging $2,620 and three-bedroom units averaging $2,980, creating strong upside potential. Pro forma rents at market levels suggest annual income could exceed $136,800, yielding an 8.3% cap.

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Home facts

  • Year built:1976
  • Listing ID #:25027072
  • Added:1 day(s) ago
  • Updated:October 06, 2025 at 05:29 PM

Rooms and interior

  • Bedrooms:10
  • Living area:4,368 sq. ft.

Heating and cooling

  • Cooling:Central Air

Structure and exterior

  • Year built:1976
  • Building area:4,368 sq. ft.
  • Lot area:0.22 Acres

Schools

  • High school:Lucy Beckham
  • Middle school:Moultrie
  • Elementary school:James B Edwards

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,199,000
  • Price per sq. ft.:$274.5
Copyright 2025 Charleston Trident MLS. Information is being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

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